%0 Report
        %A Kim, Jinyoung
        %T Racing against Time in Research: A Study of the 1995 U.S. Patent Law Amendment
        %D 2017
        %8 2017 May
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 10815
        %U https://www.iza.org/index.php/publications/dp10815
        %X Teamwork in research has been on the rise and so has the size of R&D teams. This paper offers an explanation for increasing team size that we call the "racing against time" hypothesis: With innovation races more competitive globally, R&D firms need to finish research projects as quickly as possible and therefore have an incentive to put together a team with more R&D personnel. We test this hypothesis against a natural experiment that took place in 1995 when the U.S. patent law was amended. 
        %K patent
%K R&D
%K team size
%K teamwork
%K racing against time